Licensed Late Night Venue with Kitchen

Licensed Late Night Venue with Kitchen — Hospitality & Tourism · Melbourne, VIC · Asking $550,000

venue with a 3am general liquor licence Same owner for 20 years Operates nights only, 4pm till late Commercial kitchen and seating for 50+ patrons Located in Melbourne

DealProspect/Listings/Hospitality & Tourism

Licensed Late Night Venue with Kitchen

Bar

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$550,000

Disclosed · AUD

Revenue (est.)

~$1,458,499

Estimated · comparable listings of this type and size · typically within ±25%

Earnings (est.)

~$255,363

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~2.2×

comparable listings of this type and size · typically within ±25%

Brief

venue with a 3am general liquor licence
Same owner for 20 years
Operates nights only, 4pm till late
Commercial kitchen and seating for 50+ patrons
Located in Melbourne

Bars in Victoria

Bars for sale in Victoria (59) →

Listed

+9 in 30 days

Median asking

$172K

42 priced

Median revenue

$1M

19 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread42 of 59 state a price

This listing · $550K

19%

43%

17%

Under $100K$1M–$2.5M

Australia 108 · New South Wales 20 · Western Australia 11 · Queensland 9

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